Debt (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Schedule of Net Carrying Amounts of Long-term Debt Instruments

The following table summarizes information about the net carrying amounts of long-term debt as of March 31, 2026:

(in thousands)	2026 Notes		2027 Notes		2030 Notes		2031 Notes		Total
Principal amount outstanding	$	2,870	$	53,000	$	115,000	$	265,000	$	435,870
Unamortized debt issuance cost	(1)		(483)		(2,948)		(7,884)		(11,316)
Total long-term debt	2,869		52,517		112,052		257,116		424,554
Less: current portion of long-term debt	(2,869)		—		—		—		(2,869)
Total non-current portion of long-term debt	$	—	$	52,517	$	112,052	$	257,116	$	421,685

The following table summarizes information about the net carrying amounts of long-term debt as of December 31, 2025:

(in thousands)	2026 Notes		2027 Notes		2030 Notes		Total
Principal amount outstanding	$	20,000	$	265,000	$	115,000	$	400,000
Unamortized debt issuance cost	(46)		(2,789)		(3,141)		(5,976)
Total long-term debt	19,954		262,211		111,859		394,024
Less: current portion of long-term debt	(19,954)		—		—		(19,954)
Total non-current portion of long-term debt	$	—	$	262,211	$	111,859	$	374,070

Schedule of Interest Expense Recognized on the Long-Term Debt

The following table summarizes interest expense recognized on long-term debt:

	Three Months Ended March 31,
(in thousands)	2026		2025
Contractual interest expense	$	1,681	$	2,060
Amortization of debt issuance costs	598		553
Amortization of discount	—		35
Total interest expense	$	2,279	$	2,648

Schedule of Maturities of Long-term Debt

The following table summarizes the future principal payments as of March 31, 2026:

(in thousands)
2026, remaining	$	2,870
2027	53,000
2028	—
2029	—
2030	115,000
Thereafter	265,000
Total	$	435,870